Coming off a record-level Prairie grain handle, Canadian National Railway’s $1.042 billion in 2020-21 Prairie grain revenue is set to be trimmed by about $2.52 million. The Canadian Transportation Agency on Wednesday released its determination that CN’s 2021-21 Prairie grain revenue of $1,044,909,345 came in $2,399,676 above its maximum revenue entitlement (MRE) for the year. […] Read more
CN over, CP well under 2020-21 grain revenue caps
Railways moved record-level volume during year, CTA says
Hedge fund TCI seeks delay in CN CEO search
Reuters — TCI Fund Management said on Thursday Canadian National Railway’s search for a new chief executive officer should be delayed until shareholders at the nation’s top rail operator vote for a new search committee to elect a CEO. The announcement comes days after CN said TCI’s pick and former Union Pacific executive Jim Vena […] Read more
Pulse weekly outlook: Lentils steady during holidays
MarketsFarm — There isn’t much movement in lentil prices as the market is in holiday mode, according to Dale McManus of Johnston Grains at Welwyn, Sask. “We’re doing two or three loads every second or third day, but not over-pushing it,” he said. Prices for lentils have been very steady this week. Lairds in Western […] Read more
Grain movement to Vancouver picking up
Railways seen recovering from B.C. damages faster than many had expected
Western grain movement to the Port of Vancouver was at 60 per cent of normal as of Dec. 15 and is expected to continually improve, Mark Hemmes, Canada’s grain monitor and president of Quorum Corp. said in an interview Wednesday. “I think by next week it’s going to look a lot better,” he said. “Is […] Read more
Vena withdraws as candidate for CN CEO role
Reuters — Canadian National Railway said on Monday Jim Vena, who was backed by a group of investors to lead the country’s largest railway operator, had pulled out of the running to serve as its new chief. Shares of CN fell as much as 6.5 per cent on the news. The former Union Pacific executive […] Read more
McDonald’s, Beyond Meat seen planning big U.S. McPlant expansion
New York | Reuters — McDonald’s Corp. is planning a major expansion of its plant-based burger with Beyond Meat Inc. in the United States in 2022, according to two Wall Street analysts. The companies began testing the “McPlant” patty in eight McDonald’s U.S. locations in November. Those restaurants have been selling enough of the sandwiches […] Read more
Farmers may get time to dispute grain grade, dockage
Canadian Grain Commission proposes extended time frame
Prairie farmers seeking more time to dispute a grain elevator’s call on their grain’s grade and dockage — whether they’re present at delivery or not — may soon get that time under a new proposal from the Canadian Grain Commission. The CGC on Monday opened up proposed regulatory amendments to an 11-week public consultation period […] Read more
Pulse weekly outlook: New investments cause for optimism
Sector looking forward beyond challenges of 2021
MarketsFarm — Canada’s pulse industry had to endure more than its fair share of challenges and obstacles in 2021, domestic and abroad. Nevertheless, the national organization representing pulse growers, traders and processors feels the industry will be strong in the New Year. An already tight supply situation became tighter in 2021 as drought in Western […] Read more
Elevators hope mandatory vaccination doesn’t disrupt operations
New regulations will require all federally regulated employees to comply early in 2022
Canada’s major companies hope their operations won’t be disrupted when Ottawa requires federally regulated employees be vaccinated against COVID-19 starting early in 2022. “It depends on whether employees that aren’t vaccinated will get vaccinated, or would they leave their jobs,” Wade Sobkowich, executive director of the Western Grain Elevator Association (WGEA) said in an interview […] Read more
Buyer found for ag retailer Blair’s contested outlet
ProSoils to buy Blair's location at Lipton, Sask.
Crop input retail chain Blair’s Crop Solutions has a deal in place to sell one of its eastern Saskatchewan sites to meet its obligation to federal regulators. The chain, a joint venture between Federated Co-operatives and the Blair’s Family of Companies, announced Monday it will sell its site at Lipton, Sask., about 80 km west […] Read more
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